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A hobby archaeologist with a metal detector has discovered a trove of gold and silver in a German forest dating back to late Roman times, fuelling speculation that it could be the legendary Nibelung treasure which inspired composer Richard Wagner’s operatic “Ring Cycle”.

The haul from the western state of Rhineland Palatinate, which is worth about €1m, includes silver bowls, brooches and other jewellery from ceremonial robes, as well as small statues that would have adorned a grand chair, archaeologists say.